Charles Schwab: The "One Source Online" Program

A closed-end enthronement funds confide is a conjunction that sells a specified number of sh bes in the caller to individual investors. The closed-end investment trust political party is not have to issue additional shares to other individuals who may rely to invest in the company, nor is the closed-end investment trust company obligated to repurchase outstanding shares should individual investors desire to surrender their investment interests in the company. The shares in closed-end investment trust companies are traded in the same manner as are the equity shares in a publicly-held corporation. Thus, the rank of the shares in a closed-end investment company is determined by the functioning of the securities market. While the market value of the investment assets held by a closed-end investment trust company influences the share value of much(prenominal) a company, market perceptions related to to future performance and other factors are more authoritative in determining the value of the shares of a closed-end investment company. The enthronement Company Act of 1940 clearly distinguishes between true usual funds, which are open-end investment companies, and closed-end change investment trusts.

A closed-end investment trust company may share one of the characteristics of a vernacular fund when the investment holdings of such a company are fiscal securities issued by corporations and gover

Charles Schwab & Co., Inc. (1999d). One Source Online. wysiwyg://main36/http://www.schwab.com/library/SNLib100/ SN100mainHome.html

Perritt, G. W. (1999). The mutual fund encyclopedia, 1999-2000. Chicago: Dearborn Financial Publishing Company.

In geneage set, the differences are often along the line of retail and institutional specialization. The larger investment banks tend to pass on preferential pricing for institutional customers, because of trading volume. In retail brokerage, the larger investment banks maintain higher price margins, but also provide retail customers with a wide range of research and financial advice services.

The retail brokerage customer trying price advantages, thus, tends to seek out discount brokers, such as Charles Schwab, where brokerage fees are lower, but where research and financial advice also tends to be scanty. At the Charles Schwab One Source Online program, research and financial advice is available to investors strange the case at many competing discount brokers (Charles Schwab, 1999d, p. 1). For a meaning(a) proportion of retail brokerage investors, fee levels are the keys to broker selection. Thus, a significant demand among investors has developed for the discount broker.

have a fund. (1999). http://www.findafund.com/ mtbfundamentals.htm

With a relatively small amount of money to invest, flexibility in investment vehicles is also a significant need of the typical small investor. Thus, it is principal(prenominal) for such investors to choose a broker that is able to provide a wide variety of investment vehicles. In this same context, it is important for the typical small investor to have available a root system of asset management advice. The Charles Schwab One Source Online program satisfies these needs.

nments. Thus, in the contemporary marketplace, closed-end investment funds are marketed as mutual funds (Perritt, 1999, p. 17). In reality, holding shares in one of these closed-end diversified investment com
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